PROG Holdings Inc 2025年度报告

FORM 11-K (Mark One) Annual report pursuant to Section15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December31, 2025 Transition report pursuant to Section15(d) of the Securities Exchange Act of 1934 Commission file number 1-39628 A. Full title of the plan and the address of the plan, if different from that of the issuer named below: PROG Holdings Employee Retirement Plan B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: PROG Holdings, Inc.256 West Data DriveDraper, UT 84020 PROG Holdings Employee Retirement PlanFinancial Statements and Supplemental SchedulesDecember31, 2025 and 2024 Contents Report of Independent Registered Public Accounting Firm Financial Statements Statements of Net Assets Available for Benefits at December 31, 2025 and 20244 Statements of Changes in Net Assets Available for Benefits for the Years Ended December 31,2025 and 2024 Notes to Financial Statements 6 Supplemental Schedules Schedule H, Line 4a - Schedule of Delinquent Participant Contributions for the Year Ended December 31,202513 Signature15 ExhibitExhibit Index 16 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Benefit Plan Committee, Plan Administrator, andPlan Participants of the PROG Holdings Employee Retirement Plan Opinion on the Financial Statements We have audited the accompanying statements of net assets available for benefits of the PROG HoldingsEmployee Retirement Plan (the Plan), as of December 31, 2025 and 2024, the related statements of changes innet assets available for benefits for the years then ended, and the related notes and schedules (collectivelyreferred to as the "financial statements"). In our opinion, the financial statements present fairly, in all materialrespects, the net assets available for benefits of the Plan as of December 31, 2025 and 2024, and the changes innet assets available for benefits for the years then ended, in conformity with accounting principles generallyaccepted in the United States of America. Basis for Opinion These financial statements are the responsibility of the Plan's management. Our responsibility is to express anopinion on the Plan's financial statements based on our audits. We are a public accounting firm registered withthePublic Company Accounting Oversight Board(United States)("PCAOB")and are required to beindependent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rulesand regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we planand perform the audit to obtain reasonable assurance about whether the financial statements are free of materialmisstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform,an audit of its internal control over financial reporting. As part of our audits, we are required to obtain anunderstanding of internal control over financial reporting, but not for the purpose of expressing an opinion onthe effectiveness of the Plan's internal control over financial reporting. Accordingly, we express no suchopinion. Our audits included performing procedures to assess the risk of material misstatement of the financialstatements, whether due to error or fraud, and performing procedures that respond to those risks. Suchprocedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financialstatements. Our audits also included evaluating the accounting principles used and significant estimates madeby management, as well as evaluating the overall presentation of the financial statements. We believe that ouraudits provide a reasonable basis for our opinion. Supplemental Information The supplemental information contained in the schedule of delinquent participant contributions for the yearended December 31, 2025, and the schedule of assets (held at end of year) as of December 31, 2025 have beensubjected to audit procedures performed in conjunction with the audit of the Plan's financial statements. Thesupplemental information is the responsibility of the Plan's management. Our audit procedures includeddetermining whether the supplemental information reconciles to the financial statements or the underlyingaccounting and other records, as applicable, and performing procedures to test the completeness and accuracy ofthe information presented in the supplemental information. In forming our opinion on the supplementalinformation, we evaluated whether the supplemental information, including its form and content, is presented inconformity with the Department of Labor's Rules and Regulations for Reporting and Disclosure under theEmployee Retirement Income Security Act of 1974. In our opinion, the supplemental information is fairlystated, in all material respects, in relation to the financial